Rapid inflation, cyclical unemployment, war, hurricanes, and floods are all examples of non-diversifiable risk
This is a kind of risk that affects the macro economy or large numbers of persons or groups within the economy and as a result cannot be eliminated via diversification
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Answer:
One of the saddest facts about World War I is that millions died needlessly because military and civilian leaders were slow to adapt their old-fashioned strategies and tactics to the new weapons of 1914. New technology made war more horrible and more complex than ever before. The United States and other countries felt the effects of the war for years afterwards.
The popular image of World War I is soldiers in muddy trenches and dugouts, living miserably until the next attack. This is basically correct. Technological developments in engineering, metallurgy, chemistry, and optics had produced weapons deadlier than anything known before. The power of defensive weapons made winning the war on the western front all but impossible for either side.
